Calculate Depreciation as per Companies Act, 2013
Depreciation as we know is a reduction in value of asset put to use from wear and tear. Over the...
Compounding of Offences under GST Regime
This article briefly explains the provisions related to compounding of offences under the GST Regime. It covers section 138 of...
Know how to calculate Treasury Bills, Bonds, etc. in Money Market Operations
Money Market is an important ingredient for growth and development of an economy. India too is no exception for it....
What taxes you shall pay for the FY 2019-20 under Income-tax Regime?
In India, every year, the Finance Minister announces an annual Union Budget for the up-coming financial year. According to Article...
TDS on Payment to Contractor u/s 194C after the amendments by Finance Act 2020
Section 194C - Payments to contractors. Any person responsible for paying any sum to any resident contractor for carrying out any...
Few reasons to move to cashless transaction under Income-tax Act, 1961
After the demonetization, Government has earned an important lesson. Keeping the rhetoric aside, it's enlightened to the wisdom of colours...
This is why you should always quote your PAN rightly for TDS deductions
Although in some cases, quoting of PAN for certain type of transaction is must, for most of the transactions quoting...
Interest on Income Tax Refunds
Normally, an assessee pays tax based on computation of his expected tax liability. And very often his tax liability is...
Mandatory Linking of Aadhaar and Exemptions from Income Tax Department
With Aadhaar being mandatory for filing ITR, there are several consequences for not linking the same. Below is in detail...
How to calculate WDV Rates for Depreciation
Straight Line Method (SLM) and Written Down Value (WDV) methods are the most used methods for calculating depreciation. Although Companies...
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